Barry Schwartz: Using our practical wisdom

The video discusses the widespread dissatisfaction with institutions and the reliance on rules and incentives to address this. It introduces Aristotle's concept of practical wisdom, emphasizing the need for moral will and skill. Examples of practical wisdom in action are provided, highlighting the limitations of rigid rules. The video also discusses system-changers who transform systems for better outcomes. It concludes by stressing the importance of practical wisdom for happiness and meaningful work.

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